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Post by mssciguy on Nov 25, 2015 12:05:10 GMT -5
Big pharmaceuticals want to deep 6 MannKind. If this is not obvious to you, you are either delusional, naive or both. Maybe not directly, however, hedge funds with large positions in big pharma can take smaller positions in thestreet.com (TST) .....example, Renaissance..... then light a fire under Feuerstein's chair to spread FUD through hit pieces while Renaissance possibly also benefits from shorting!!!! I don't think this is illegal. These guys all rub shoulders at the Michael Milken Institute who learned the hard way about the law (and how to circumnavigate it). I don't think big pharma cares about Afrezza, it's not a threat, and if it becomes one, they'll be out with a "me-too" product within a few years. Diabolical "hedgies". They are milking from all udders, all for themselves. We and Mannkind (and possibly Sanofi) are the cow. Seriously, the Motley and TST pollutes the internet and scares many people. I believe that Chelsea Clinton married a "hedgie" ... so if the Clintons re-occupy the White House, nothing regarding hedge fund regulation will change (except maybe it will get worse). And the last FDA director's spouse was a "hedgie" which may have explained some things also. If you haven't figured it out by now, I am very leery of "securities" of any kind. They're not even printed on paper any more...
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Post by purge on Nov 25, 2015 12:05:43 GMT -5
Time and time again... management has given us nothing but excuses and hope. Hardly a recipe for success. Management needs to stop treating long time share holders like they hate us.
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Post by jacobjoshua29 on Nov 25, 2015 12:49:33 GMT -5
What a freaking disaster this investment has been! $250,000 at a cost basis of $3.5, been invested since 2011. Nothing but dissapointment from MNKD. I will NEVER invest in biotech again. bye felicia!
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Post by mssciguy on Nov 25, 2015 12:52:36 GMT -5
Agree, it's been war against Mannkind for some time. Who are the enemies that wants total destruction? Big Pharma, me thinks! the Insulin mafia does not like competition
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Post by hankscorpio7 on Nov 25, 2015 12:53:33 GMT -5
What a freaking disaster this investment has been! $250,000 at a cost basis of $3.5, been invested since 2011. Nothing but dissapointment from MNKD. I will NEVER invest in biotech again. Wow. You were up 100-200% and you didn't take a little off the table? MNKD delivered, your trading skills should have been sharper. At least you had opportunity for that return, 30-40% loss in XOM for hopes of single digit growth and solid dividend. Ahh, biotechs..
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Post by vissertrades on Nov 25, 2015 13:04:20 GMT -5
What a freaking disaster this investment has been! $250,000 at a cost basis of $3.5, been invested since 2011. Nothing but dissapointment from MNKD. I will NEVER invest in biotech again. Wow. You were up 100-200% and you didn't take a little off the table? MNKD delivered, your trading skills should have been sharper. At least you had opportunity for that return, 30-40% loss in XOM for hopes of single digit growth and solid dividend. Ahh, biotechs.. Fair enough. I watched the share price hit $11 but was on vacation and thought FDA approval would be the start of run. Boy was I wrong as clearly shorting the launch was the play. So much for investing buy and hold. Never again, I'd trade this like a hot potato...
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Post by irrationalexubera on Nov 25, 2015 13:44:29 GMT -5
What a freaking disaster this investment has been! $250,000 at a cost basis of $3.5, been invested since 2011. Nothing but dissapointment from MNKD. I will NEVER invest in biotech again. then why aren't you selling OTM covered calls on your shares at 3.5 or 4 or 4.5 or 5 every few months and collecting premium? you can reduce your cost basis at this rate to zero over time, esp if you're selling hundreds of calls at a pop (minus fees, natch). don't sit here and moan, do something about it. simple math says you own ~ 71,000 shares, right? example: there's about a $37 premium on the 1/17 $4 calls, which would net around 25 grand premium if you covered your whole position today. if they get called, then you still make .50/share, or another 35 grand above your cost basis. if not, pure profit. rinse and repeat 8 more times over the coming years and your cost basis will eventually be zero. i say don't get burned my MM's. become one yourself. #trading101
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Post by vissertrades on Nov 25, 2015 13:59:14 GMT -5
I wish I knew what you are talking about and I've got $0 to trade with right now. Hakan stole it all and jumped ship, he's feasting on Turkey and I get Turdkey...
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Post by mssciguy on Nov 25, 2015 14:06:35 GMT -5
I wish I knew what you are talking about and I've got $0 to trade with right now. Hakan stole it all and jumped ship, he's feasting on Turkey and I get Turdkey... I would not play with option at all unless you have the background/education and have practiced with play money. It's very dangerous. What worked for someone may have been luck, and may have been disaster if the stock price moved unpredictably. Never, ever listen to someone advise you trade something as dangerous as options. You can get wiped out by having the HFT guys move the price just two cents on a Friday. Happens all the time.
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Post by vissertrades on Nov 25, 2015 14:09:56 GMT -5
I wish I knew what you are talking about and I've got $0 to trade with right now. Hakan stole it all and jumped ship, he's feasting on Turkey and I get Turdkey... I would not play with option at all unless you have the background/education and have practiced with play money. It's very dangerous. What worked for someone may have been luck, and may have been disaster if the stock price moved unpredictably. Never, ever listen to someone advise you trade something as dangerous as options. You can get wiped out by having the HFT guys move the price just two cents on a Friday. Happens all the time. Thanks MOM :-) Still waiting for the dead cat bounce!
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Post by mssciguy on Nov 25, 2015 14:16:22 GMT -5
I would not play with option at all unless you have the background/education and have practiced with play money. It's very dangerous. What worked for someone may have been luck, and may have been disaster if the stock price moved unpredictably. Never, ever listen to someone advise you trade something as dangerous as options. You can get wiped out by having the HFT guys move the price just two cents on a Friday. Happens all the time. Thanks MOM :-) Still waiting for the dead cat bounce! Happened to me last year, $25k gone in a couple of weeks. Oh yeah, Goldman and the Chicago boys were involved, for sure, but there is nothing you can do except never forget. Seriously, shame on anyone for advising that.
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Post by dreamboatcruise on Nov 25, 2015 14:21:09 GMT -5
I wish I knew what you are talking about and I've got $0 to trade with right now. Hakan stole it all and jumped ship, he's feasting on Turkey and I get Turdkey... I would not play with option at all unless you have the background/education and have practiced with play money. It's very dangerous. What worked for someone may have been luck, and may have been disaster if the stock price moved unpredictably. Never, ever listen to someone advise you trade something as dangerous as options. You can get wiped out by having the HFT guys move the price just two cents on a Friday. Happens all the time. I'd respectfully disagree. Options can be used for different purposes and not all involve leverage/risk. It does take a little education. For instance I'd throw in the caveat regarding the suggested trade, that the math is only good if one holds through to the end. If you wanted to sell your position in the interim then there might be some additional loss due to needing to buy back the calls and you'd eat the spread and potentially more if implied volatility is high when you need to do it.
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Post by vissertrades on Nov 25, 2015 14:33:30 GMT -5
Actually, I wouldn't spend another minute or nickle investing in MNKD. Next trade will be a SELL, hopefully get my money back and never touch another biotech again. Unless it rockets, then I'll play with small $ and trade, no more buy and hold investing, apparently that was another market years ago.
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Post by irrationalexubera on Nov 25, 2015 14:57:52 GMT -5
hey mssciguy, covered calls are pretty much a 101 course in trading. for starters, you SELL THEM for immediate profit, so there's no outlay of money. second, you pick your strike and expiration date according to your desire for profit and risk tolerance. in this case, vissertrades would commit to selling all of his shares at $4 in 14 months IF AND ONLY IF the sp is higher than 4 when the day comes. there's no way he can "lose" money, except for any profit MNKD may make beyond $4/share. yeah, if it skyrockets to $10 in the meantime, he's SOL on the added profit (but hasn't LOST money), but that's why you carefully select your strike and expiration date.
clearly you got burned in options because you bought them and still have a bad taste in your mouth. as the saying goes, pros sell them and amateurs buy them.
shame on me for advising how to profit from a red portfolio? yeah, i blocked you a few months ago for a reason, and now i remember why. later dude, and good luck with the hand-wringing while the rest of us are proactively digging our way out of a trade that is taking longer to go green than we all expected. as another saying goes, there's more than one way to skin a cat.
and yes DBC, all of that would happen if vissertrades wanted to exit before the strike date, but that's just common sense. the more liquid strikes have closer spreads, and that's why i never trade the weeklies.
mssciguy, please feel free to return the blocking favor.
vissertrades, go google "how to sell covered calls" and start making your money back. it's really not that hard. i would kill to be able to sell ~700 calls every few months for tons of premium like you apparently can.
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Post by kball on Nov 25, 2015 15:01:36 GMT -5
As for thanksgiving...I'm thankful the market will be closed.
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